Karachi, November 10, 2023 – The Pakistani Rupee (PKR) continued its downward trend for the 14th consecutive session against the US dollar, closing at PKR 287.03 on Friday.
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Bank Deposits in Pakistan Hit New Peak at Rs 26.40 Trillion
Karachi, November 10, 2023 – Bank deposits in Pakistan have hit new peak at Rs 26.40 trillion by the end of October 2023, according to official data released on Friday by the State Bank of Pakistan (SBP).
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Pakistan Experiences 11.54% Surge in Foreign Remittances Amidst Crackdown on Smuggling
Karachi, November 10, 2023 –Pakistan has recorded a substantial 11.54% increase in foreign remittances, reaching $2.46 billion in October 2023. This surge, as reported by the State Bank of Pakistan (SBP) on Friday, is attributed to the government’s robust crackdown against currency smuggling and hoarding.
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Pakistan Set to Announce Petroleum Prices for Second Half of November 2023
Islamabad, November 10, 2023 – As Pakistan prepares to unveil petroleum prices for the second half of November 2023, set to take effect from November 16, the government faces a delicate balancing act amid a gradual depreciation of the Pakistani Rupee (PKR) and a notable decline in global oil prices.
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Tax Rates on Foreign Transactions via Credit or Debit Cards Unveiled for Tax Year 2024
Tax rates on foreign transactions through credit or debit cards have been unveiled for tax year 2024 by the Federal Board of Revenue (FBR).
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Pakistan Stock Market Achieves New All-Time High at 54,261 Points
Karachi, November 8, 2023 – In a remarkable display of resilience and growth, the Pakistan stock market has soared to an unprecedented level, reaching a new all-time high of 54,261 points on Wednesday.
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Unclaimed Prize Bonds Worth Rs 5 Billion Linger Despite Deadline Extension
Karachi, November 8, 2023 – In a startling revelation, official data from the State Bank of Pakistan (SBP) has shown that discontinued bearer prize bonds worth a staggering Rs 5 billion remain unclaimed as of September 30, 2023.
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UBL Continues Legal Battle Against SBP’s Rs 4.09 Billion Penalty Since 2016
Karachi, November 7, 2023 – United Bank Limited (UBL) has been embroiled in a legal dispute with the State Bank of Pakistan (SBP) since 2016 over a penalty totaling Rs 4.09 billion.
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FBR Sends Acknowledgement of Return Filing for Tax Year 2023
Islamabad, November 7, 2023 – The Federal Board of Revenue (FBR) is taking a proactive step in acknowledging taxpayers for their compliance with income tax return filing for the tax year 2023, boosting trust and confidence in the tax system.
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Pakistan Stock Market Surges to New Record High at 53,860 Points
Karachi, November 6, 2023 – The Pakistan stock market reached new heights on November 6, 2023, as the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) extended its gains to set a fresh record high at an impressive 53,860 points.
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